Result Page 23 for Latest Business News & Archive

Israel's military says its strike took the Sanna airport 'fully' out of action

Israel Pummels Yemen Airport In Reprisal Against Huthis

Israeli warplanes bombed the airport in Yemen's rebel-held capital Sanaa on Tuesday, the latest retaliation for a missile strike by the Iran-backed Huthis that targeted Israel's main airport.

US Trade Deficit Hit Fresh Record Before New Trump Tariffs

US President Donald Trump introduced sweeping tariffs in April 2025

The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout.

EDF Complaint Blocks Czech-Korean Nuclear Deal

The Czech Republic relies on nuclear power for 40 percent of its electricity consumption

A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF. KHNP won the contract last July after beating EDF in the tender, but the French giant filed an appeal with the Czech antitrust watchdog UOHS. When the UOHS rejected the appeal last week, EDF filed a lawsuit.

DoorDash is the largest food delivery app in the United States

Food Delivery App DoorDash Agrees To Buy Peer Deliveroo

US food delivery app DoorDash has agreed to buy UK-based rival Deliveroo for GBP2.9 billion ($3.9 billion) in a deal that will expand its global reach.

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Ukrainian servicemen at an undisclosed location on the front line in the Zaporizhzhia region, amid the Russian invasion of Ukraine

Germany's Merz To Launch New Govt In Times Of Trump Turbulence

Germany's conservative leader Friedrich Merz is set to be sworn in as chancellor on Tuesday with a mission to revive the ailing economy and boost the diplomatic standing of the EU's most populous country.

Most movie studios and other industry organizations had yet to officially react Monday but Trump's announcement triggered crisis meetings

'Makes No Sense': Hollywood Shocked By Trump's Film Tariffs Announcement

Hollywood reacted Monday with skepticism to US President Donald Trump's announcement of 100 percent tariffs on foreign films, with movie insiders calling it a policy made up on the fly by a president who fails to understand how the industry works.

Mennonites began fleeing religious persecution in Europe in the 17th century, mostly to North America

Mennonite Communities Raise Hackles In Peruvian Amazon

When they saw men with arrows and machetes bearing down on them, Daniel Braun and other Mennonites living in the Peruvian Amazon fled across rice paddies, some of their barns ablaze behind them.

Ford displayed its new Lincoln Navigator at an auto show in Shanghai last month

Ford Sees $1.5 Bn Tariff Hit This Year, Suspends 2025 Forecast

Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty.

'OpenAI is not a normal company and never will be,' OpenAI CEO Sam Altman wrote in an email to staff posted on the company's website

OpenAI Abandons Plan To Become For-profit Company

OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization.

Warren Buffett testifies before the Senate Finance Committee in Washington, DC, in 2007

Warren Buffett To Remain As Berkshire Hathaway Board Chair

American investor Warren Buffett, 94, will remain as chairman of Berkshire Hathaway's board of directors once he steps down as chief executive at the end of this year, the conglomerate announced Monday.

The layoffs come as Meta has cut its third-party fact-checking in the United States and overhauled its content moderation policies

Meta Content Moderator Cuts Over 2,000 Jobs In Spain: Union

Canadian tech firm Telus International, tasked by Meta to moderate content on its social media networks Facebook and Instagram, will slash over 2,000 jobs in Barcelona, a Spanish union said Monday.

Pharrell Williams (L) and Lewis Hamilton (R), posing with Vogue editor Anna Wintour, are two of the co-chairs of the Met Gala

Stars Come Out For Met Gala, Showcasing Black Dandyism

It's the first Monday in May, which means it's time for the Met Gala, the extravagant Manhattan charity ball that this year spotlights Black style through the lens of dandyism's subversive history.

The leader of Germany's conservative Christian Democratic Union (CDU) party and designated chancellor, Friedrich Merz, signs the coalition deal to form the country's new government

German Coalition Deal Signed On Eve Of Merz Govt Launch

The conservatives of Germany's designated chancellor Friedrich Merz and the centre-left Social Democrats formally signed their coalition contract on Monday, on the eve of launching their new government.

Power grids must evolve to adapt as countries move away from fossil fuels

Spain's Blackout Highlights Renewables' Grid Challenge

The cause of last week's massive power outage in Spain and Portugal remains unclear but it has shone a spotlight on solar and wind energy, which critics accuse of straining electricity grids.

Ghana's President John Mahama has promised to turn the economy around

Facing A Broken Economy, Ghana's Tech-savvy Teens Turn To Fraud

In the dusty alleys of Nima, a shanty town in the heart of Ghana's capital, a 17-year-old called Ghost reclines on a faded plastic chair inside a dimly lit internet cafe.

A police video showed officers standing on the edge of a deep hole in the ground

Huthis Say US Bombed Yemen After Strike On Israel's Main Airport

Yemen's Huthis on Monday accused the United States of carrying out strikes in and around Sanaa, after the Iran-backed rebels claimed a missile strike on Israel's main airport.

Oil prices had already been slumping before OPEC+ members decided to increase output

Oil Prices Slide After OPEC+ Output Hike

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.

Singer Cassie Ventura (R) alleges that Sean Combs (L) raped her in 2018

Jury Selection To Begin In Sean 'Diddy' Combs Sex Crimes Trial

Jury selection begins Monday in New York in the blockbuster federal sex trafficking trial of music mogul Sean "Diddy" Combs, who stands accused of years of harrowing abuse.

Eight OPEC+ member countries on Saturday announced a sharp increase in oil production

'Bombshell' OPEC+ Output Hike Hits Oil Price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed.

Smoke rises from Port Sudan airport on May 4, 2025

Paramilitaries Launch First Attack On Port Sudan: Army

Sudanese paramilitaries on Sunday struck Port Sudan, the army said, in the first attack on the seat of the army-aligned government in the country's two-year war.

Church Donation Box Goes Digital In Greece

Devout regulars attending Athens's main Roman Catholic church that honours a first-century saint have discovered a 21st-century update: their donation box is now hooked up to a digital payments system.

London's Metropolitan Police did not give the alleged target of the suspected 'terrorist act'

Seven Iranians Among Eight Arrested In UK Counterterrorism Probes

British police on Sunday said eight people, including seven Iranian nationals, were arrested in two separate counterterrorism probes.

Travellers enter Israel's Ben Gurion airport after air defences were activated against a missile launched from Yemen

Israel Says Area Of Airport Hit After Yemen Missile Launch

A missile launched from Yemen struck near Israel's main international airport on Sunday, authorities said, an attack that briefly halted air traffic and triggered threats of retaliation.

The man was kidnapped in central Paris and held for two days before police freed him

Kidnapped Dad Of Crypto Firm Boss Released In French Police Raid

French police mounted a weekend raid to free a man who had been kidnapped in Paris to force his crypto-millionaire son to pay a ransom, prosecutors said, adding four people were arrested.

UK Hard Right Sets Sights High After Local Election Triumphs

With a thumping success in local elections this week, the hard-right Reform UK party has loosened Britain's two-party stranglehold and is already eyeing Downing Street.

Infographic showing the number of jobs added to US economy by month since 2021, according to the Bureau of Labor Statistics

US Fed Expected To Pause Cuts Again And Wait For Clarity On Tariffs

The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how President Donald Trump's stop-start tariff rollout affects the health of the world's largest economy.

'The Mozartkugel is a flagship product of Austria, just like the Sachertorte,' says Andreas Heindl

Mozart Chocolate Row Leaves Bitter Taste In Austria

At a small high-end confectionery in Vienna, chefs put the finishing touches to one of Austria's signature souvenirs: Mozart chocolate balls filled with marzipan, pistachio, and rich almond and hazelnut nougat.

Five months after the shock annulment of presidential elections, Romanians are returning to the polls

Romania Returns To Polls After Annulled Presidential Vote

Romanians return to the polls Sunday for a rerun of November's annulled presidential election, with a far-right candidate again expected to win the first round.

Researchers at Dartmouth College, seen here, believe they have developed a reliable AI-driven app to deliver psychotherapy, addressing a critical need for mental health care

US Researchers Seek To Legitimize AI Mental Health Care

Researchers at Dartmouth College believe artificial intelligence can deliver reliable psychotherapy, distinguishing their work from the unproven and sometimes dubious mental health apps flooding today's market.

Berkshire Hathaway's Warren Buffett has said he will step down by year's end as head of the company

Warren Buffett To Retire From Berkshire Hathaway By Year's End

Influential billionaire investor Warren Buffett said Saturday he would retire from leading his Berkshire Hathaway business group by the end of the year and that he would recommend his chosen successor Greg Abel take over.

Then US leader Barack Obama awarded the Presidential Medal of Freedom to investor, industrialist and philanthropist Warren Buffett in 2011

Warren Buffett: Billionaire Investor With Simple Tastes

Admired for his investing prowess and a taste for the simple things in life rather than luxury, billionaire Warren Buffett has won public affection even as he amassed a fortune for the ages -- riches that the "Oracle of Omaha" has pledged to give away.

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